Short

$BAC Currently overextended

Updated

is over extended. Being patience here and waiting for the shift of momentum to change. Trendsi indicators, the money momentum (White Line) is over extended into the upper red band area, indicating an over extension. We just need the rest of the indicators to verify momentum. When the middle band shifts to red (indicating a bear market momentum), as well when a sell signal appears will let me know when has shifted to a downward trend.

Trade active

BAC momentum has transition to a bear market.

Note

BAC falling down to $35 area when first publishing. Still looking bearish, looking for a push down to the $34 area.

rc9257

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